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Mitigate the effects of missing inventory by regularly performing physical count of the merchandise in your store. You can get started by:
• Setting a date in advance to take full inventory
• Scheduling your staff accordingly
• Holding yourself accountable
It can be overwhelming to think about counting all of your inventory by hand. Some tips to help you with this process are to:
• Break up your store by product category and take inventory in small segments
• Stay focused and ignore distractions. Put other work on pause until you have completed the task at hand
• Set up a schedule that includes mandatory breaks
Preparing your store for physical inventory will decrease the time it takes to complete the process. To the best of your ability you should:
• Place products in their appropriate departments
• Ensure each item is labeled
• Turn labels so the UPCs are facing upward.
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